Man Group plc Invests $8.38 Million in The Travelers Companies, Inc. $TRV

Man Group plc acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,382 shares of the insurance provider’s stock, valued at approximately $8,379,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Travelers Companies during the 2nd quarter valued at about $6,915,909,000. Legal & General Group Plc acquired a new stake in Travelers Companies in the second quarter worth about $799,601,000. Norges Bank acquired a new stake in Travelers Companies in the fourth quarter worth about $723,339,000. GQG Partners LLC purchased a new stake in shares of Travelers Companies during the second quarter worth about $789,024,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Travelers Companies during the second quarter valued at about $469,505,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on TRV. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Travelers Companies in a research report on Tuesday, July 21st. Keefe, Bruyette & Woods restated a “market perform” rating and set a $356.00 price target (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Morgan Stanley raised their price target on shares of Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Cantor Fitzgerald lifted their price objective on shares of Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Finally, Citigroup reissued a “market perform” rating on shares of Travelers Companies in a report on Monday, July 20th. Four research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Trading Up 0.1%

Travelers Companies stock opened at $369.85 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70. The company has a market capitalization of $77.14 billion, a price-to-earnings ratio of 9.90, a price-to-earnings-growth ratio of 3.51 and a beta of 0.45. The stock has a 50-day moving average price of $358.56 and a 200 day moving average price of $320.77.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same quarter in the prior year, the firm earned $6.51 earnings per share. Travelers Companies’s revenue for the quarter was up .3% on a year-over-year basis. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio is 13.39%.

Insiders Place Their Bets

In other news, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total value of $1,858,450.00. Following the sale, the executive vice president owned 10,479 shares in the company, valued at $3,894,939.51. This represents a 32.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Frederick Klein sold 6,000 shares of the firm’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the transaction, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $16,519,811.25. This trade represents a 11.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 52,667 shares of company stock worth $19,611,829. Company insiders own 1.39% of the company’s stock.

Travelers Companies Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.